WASHINGTON — Oracle has scored a $7 billion agreement to consolidate what the Pentagon called its “fragmented, one-off information technology purchases” from the firm into a single, unified contract, the department announced Thursday. The Enterprise Software Agreement (ESA), which was negotiated by the Department of the Navy, is projected to save about half-a-billion dollars over…
WASHINGTON —The Pentagon’s Office of Strategic Capital (OSC) inked a pair of conditional loans totaling $1.2 billion this week within the rare earth elements sector, according to department announcements. Today the department announced it has singed a $725 million conditional loan with Denver-based Energy Fuels — a company specializing in uranium production — to support…
The race to secure electricity for AI models has reached new heights: Meta has signed an agreement with the startup Overview Energy that could see a thousand satellites beam infrared light to solar farms that power data centers at night. In 2024, Meta’s data centers used more than 18,000 gigawatt-hours of electricity—roughly enough to power…
Regeneron agreed to lower U.S. drug prices for some Americans as part of a deal with President Donald Trump, the White House said on Thursday. The biotech company will also offer the first hearing-loss gene therapy for free to eligible U.S. patients following regulatory approval of the product earlier Thursday. Regeneron is the latest in…
